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government, for states, cities. you name it. a lot of unanswered questions here right now. >> bret: cheryl casone in new york. cheryl, thank you. we will be watching the markets, especially the asian markets when they open in just 30 minutes. thank you. the question is now what happens with the u.s. house of representatives? how does speaker boehner move forward as the meeting is breaking up? we have inside scoop from behind those closed doors. and perhaps a strategy, path way forward. we have a live interview with the vice chairman of the budget committee. he will join us on the other side of this break. [ male announcer ] this is sheldo whose long day setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. >> bret: this is a fox news alert. looking live at the house floor gaveled back in session. take vote that don't deal with the fiscal cliff legislation and counting heads semil
government, for states, cities. you name it. a lot of unanswered questions here right now. >> bret: cheryl casone in new york. cheryl, thank you. we will be watching the markets, especially the asian markets when they open in just 30 minutes. thank you. the question is now what happens with the u.s. house of representatives? how does speaker boehner move forward as the meeting is breaking up? we have inside scoop from behind those closed doors. and perhaps a strategy, path way forward. we...
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i do believe in limited government. i believe government has certain priorities and elected officials need to decide what those priorities are. you have to determine what the core responsibility of government is. i was a state senator for eight years as you mentioned. as a state senator i always based my decisions on the priorities that i believe were a responsibility of state government. those were public education, public safety, public infrastructure and taking care of those who truly can't care for themselves. we have to do that on a federal level as well. because government can't be everything to everyone. you have to make those tough choices or we're going to continue to see our debt grow by more than $16 trillion, where we are now. that's not sustainable. that can't continue. and every american knows that. >> woodruff: deb fischer about to be, to become a united states senator from the state of nebraska. you're coming at a very interesting time. welcome. >> thank you so much. woodruff: thank you. >> suarez: find
i do believe in limited government. i believe government has certain priorities and elected officials need to decide what those priorities are. you have to determine what the core responsibility of government is. i was a state senator for eight years as you mentioned. as a state senator i always based my decisions on the priorities that i believe were a responsibility of state government. those were public education, public safety, public infrastructure and taking care of those who truly can't...
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in virginia local governments can now only seize property for the public use by claiming imminent domains. and insurance agents have to inform people if their policy excludes coverage for earthquake damage. >>> and don't forget that the new year means new rates on the dulles toll road. they went up by a quarter today at the main toll plaza bringing the rate to $1.75 for a standard two-wheel vehicle. tolls are also up a quarter to the on and off ramps bringing them $1 a piece. >>> tomorrow means a return for the normal daily routine to mean a lot more cars on the road. be sure to join all of us for the traffic and weather you need before you head out the door starting at 4:25 a.m. >> i know my kids are not ready for this reality check. but erica is in the weather center with an early look at our forecast for tomorrow. >>> well you're going to have to bundle up those kids as they are waiting for the bus because we're going to see breezy conditions moving back in along with a return of the sunshine. our temperatures today, they're not too bad though. we have had highs in the 40s throughout t
in virginia local governments can now only seize property for the public use by claiming imminent domains. and insurance agents have to inform people if their policy excludes coverage for earthquake damage. >>> and don't forget that the new year means new rates on the dulles toll road. they went up by a quarter today at the main toll plaza bringing the rate to $1.75 for a standard two-wheel vehicle. tolls are also up a quarter to the on and off ramps bringing them $1 a piece....
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do you want a larger government, or do you want a smaller government? do you want federalism, or do you want a republic. my ambition is to have a republic to give all that much power as possible to the state governments. let's get rid of this big federal oversight, this incredible deficit that has arisen as the federal government's has tried to assume almost a maoist implementation of their desires across the broad population. let the localities decide for themselves. it may be rather obvious. you cannot entertain everybody's desire to grab money from the federal purse, because that federal purse is the public purse, and that public purse reside across all elements of society, not just a national enterprise. >> that was miking california. the c-span capital producer also tweets regular updates. here is one she just sent out. that is what we just witnessed, those three votes, and they went right back into recess. what she meant was they wanted to see who was in the house, who was voting, so they could do some serious vote counting. boskin stewart, florid
do you want a larger government, or do you want a smaller government? do you want federalism, or do you want a republic. my ambition is to have a republic to give all that much power as possible to the state governments. let's get rid of this big federal oversight, this incredible deficit that has arisen as the federal government's has tried to assume almost a maoist implementation of their desires across the broad population. let the localities decide for themselves. it may be rather obvious....
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parents can now freeze a child's credit to prevent identity theft and virginia governments will have a harder time seizing property and insurance agents must now tell owners if their policies don't cover earthquake damage. >> how about the first baby of the new year. born at holy cross hospital in maryland. here's the bundle of joy born to maria at exactly midnight. the baby is 7 pounds and 6 ounces. she and mom are doing well. and a mere 5 seconds after midnight, another baby girl was born in the district. and the third new year's baby was born at shady grove. born at 2:43 this morning. congratulations to all the parents. >> pretty good start to the new year weather wise down in with the first look. >> from first babies to first forecast. you don't need me to tell you it's been cloudy all day. i know there was a sprinkle on my drive in. that was about it. let me show you the radar. you have the clouds and a little bit of radar. the rain as anticipated stayed mainly to the south of us across southern sections of virginia. most of north carolina today getting some rain. you see the sn
parents can now freeze a child's credit to prevent identity theft and virginia governments will have a harder time seizing property and insurance agents must now tell owners if their policies don't cover earthquake damage. >> how about the first baby of the new year. born at holy cross hospital in maryland. here's the bundle of joy born to maria at exactly midnight. the baby is 7 pounds and 6 ounces. she and mom are doing well. and a mere 5 seconds after midnight, another baby girl was...
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he ignored a lot of what his father actually thought about politics and governing. things like letting people see your tax returns, 12 years of them which his father did. so mitt romney after having lived his life to do this to run his campaign is now at home tonight with his tax returns. he is the biggest -- he's the biggest loser in america. >> but he won that battle. >> biggest loser. anybody who was taking their cues from the romney campaign polls in the last couple of weeks and was out there talking about 300 electoral votes. that was really fun. >> it was a close tie. i thought about paul ryan. being associated with the biggest loser is almost as bad as being the biggest loser. >> losing on the vice presidential slot, there's nowhere to go. >> it was a tie between him and rupert murdoch. this year his entire news empire was exposed for the fraud it is. they were literally humiliated. their narrative of the campaign proved to be completely false. now their credibility is in tatters. and you had the phone hacking scandal. he's just a mess right now. so i'm givin
he ignored a lot of what his father actually thought about politics and governing. things like letting people see your tax returns, 12 years of them which his father did. so mitt romney after having lived his life to do this to run his campaign is now at home tonight with his tax returns. he is the biggest -- he's the biggest loser in america. >> but he won that battle. >> biggest loser. anybody who was taking their cues from the romney campaign polls in the last couple of weeks and...
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the treasury just stopped issuing new debt for two government retirement funds to keep the government from reaching its $16.4 trillion borrowing limit. the measure could buy the government two months' time to decide whether to raise the debt limit. the latest move will not impact current retirees. >>> doctors treating secretary of state hillary clinton say they expect her her to make a full recovery. clinton is being treated for a blood clot in her head. it was discovered sunday and she was immediately admitted to a hospital. last month, clinton fainted at her home, hit her head, and suffered a concussion. she was undergoing a followup exam when doctors discovered the clot and say they are not sure what caused it. she is being treated with blood thinners and say she's expected to make a full recovery. >>> it was a cold start to our new year. some parts of our area you have been seeing raindrops. look veronica johnson is here to tell us if it will continue. >> hey there. guys, first of all, happy 2013 to you. not a bad way at all to start off a new year. no big storm around the area. j
the treasury just stopped issuing new debt for two government retirement funds to keep the government from reaching its $16.4 trillion borrowing limit. the measure could buy the government two months' time to decide whether to raise the debt limit. the latest move will not impact current retirees. >>> doctors treating secretary of state hillary clinton say they expect her her to make a full recovery. clinton is being treated for a blood clot in her head. it was discovered sunday and...
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we can fight him on the government funding bill. there's a lot of fights to be had and there's a lot more we can get. frankly, they think they're better goshg yaters. they don't get where there's this holdup. the folks on the other side say this is a bad bill. there's not enough spending cuts. it's not what we like to see. it's a concussion to the president because it extends unemployment, it extends the middle class tax cuts part of the stimulus. those folks want their voices heard. the way john boehner leads is he says the house is the will of the american people. with cantor coming out against this, you heard from mr. latourette, it would be very hard for john boehner to move ahead of eric cantor and try to put this bill on the floor without it being amended. >> luke, stand by. mike viqueira is also with us this hour to bring us up to date. one of the points brought up by luke russert when he was speaking with representative latourette was the number that could support the bill as it stands right now, that number that representat
we can fight him on the government funding bill. there's a lot of fights to be had and there's a lot more we can get. frankly, they think they're better goshg yaters. they don't get where there's this holdup. the folks on the other side say this is a bad bill. there's not enough spending cuts. it's not what we like to see. it's a concussion to the president because it extends unemployment, it extends the middle class tax cuts part of the stimulus. those folks want their voices heard. the way...
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we hit our borrowing limit with the federal government here. we can only borrow so much money as thourzed by congress. think about it like your credit card company. if you want to borrow more, you have to ask for more. money can be shifted around for a couple of month. by late february, however, we're going to have to have this fight over the debt ceiling again and many of the budget hawks were already braced for that without this priming the pump. beyond that, what about the payroll tax cut in this was a 2% cut in your payroll tacks last year. almost every american enjoyed this. it took down their social security taxes, put a few extra dollars in their pockets. that expired at the end of last year, at the end of 2012. so many republicans are not necessarily thrilled oifr thatway because they could say that is a tax increase on the middle class. really it's not but certainly it's going to feel that way to a lot of people. what about the begin one? sequestration. remember, that's a long fancy world for a deal that both parties agreed to. they bo
we hit our borrowing limit with the federal government here. we can only borrow so much money as thourzed by congress. think about it like your credit card company. if you want to borrow more, you have to ask for more. money can be shifted around for a couple of month. by late february, however, we're going to have to have this fight over the debt ceiling again and many of the budget hawks were already braced for that without this priming the pump. beyond that, what about the payroll tax cut in...
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i think the difference between a divided government and disfunctional government is the willingness to compromise. we saw that in the senate as leader pelosi and mr. hoyer have said. that means looking at an agreement and deciding whether on balance it helps not democrats or republicans but whether it helps move the country forward. and we're hopeful that republicans in the house will do as democrats and republicans did on the senate and weigh all the equities here, but decide at the end of the day not everybody gets 100% of what they want. democracy means a willingness to come together for the good of the country, that's what compromise is all about, especially in an era of divided government. our members are taking a look at the bill. and, you know, we just would ask our republican colleagues to bear in mind the good of the country as they also weigh all the equities here. with that, i turn it over to the distinguished vice chairman, mr. crawly. >> thank you, chris. i will add briefly we all appreciate the vice president coming to the caucus today in a straightforward, thorough way,
i think the difference between a divided government and disfunctional government is the willingness to compromise. we saw that in the senate as leader pelosi and mr. hoyer have said. that means looking at an agreement and deciding whether on balance it helps not democrats or republicans but whether it helps move the country forward. and we're hopeful that republicans in the house will do as democrats and republicans did on the senate and weigh all the equities here, but decide at the end of the...
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the difference between a divided government and dysfunctional government is the willingness to compromise. we saw that in the senate as leader nancy pelosi, that means looking at an agreement and deciding whether unbalanced, helps move the country forward. and we're hopeful that republicans on the house will do as democrats and republicans did on the senate, and wailed equities deciding at the end of the day that everybody gets 100% of what they want. democracy means a willingness to come together for the good of the country. and that is what compromise is all about, especially in an era of divided government. our members are taking a look at the bill and we would ask our republican colleagues to bear in mind the good of the country as they also weigh all the equities. with that, i will turn it over to the squished vice-chairman of our caucus. >> i will very quickly, we all appreciate the vice president coming to the caucus today in a very straightforward, very thorough way explaining the process of the negotiation and why we are where we are at today. i do think the time for discussion a
the difference between a divided government and dysfunctional government is the willingness to compromise. we saw that in the senate as leader nancy pelosi, that means looking at an agreement and deciding whether unbalanced, helps move the country forward. and we're hopeful that republicans on the house will do as democrats and republicans did on the senate, and wailed equities deciding at the end of the day that everybody gets 100% of what they want. democracy means a willingness to come...
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i think the difference between a divided government and dysfunctional government is the willingness to compromise. we saw that in the senate, as leader pelosi and our whip mr. hoyer have said. that means looking at an agreement, and deciding whether on balance it helps not democrats or republicans, but whether it helps move the country forward. and we're hopeful that republicans on the house will do as democrats and republicans did on the senate and weigh all the equities here but decide at the end of the day that not everybody gets 100% of what they want, democracy means as i said a willingness to come together for the good of the country. and that's what compromise is all about, especially in an era of divided government. so our members are taking a look at the bill, and, you know, we just would ask our republican colleagues to bear in mind the good of the country as they also weigh all the equities here. and with that, i turn it over to the distinguished vice chairman of our caucus. >> thank you, chris. i will just very briefly we all appreciate the vice president coming to the cauc
i think the difference between a divided government and dysfunctional government is the willingness to compromise. we saw that in the senate, as leader pelosi and our whip mr. hoyer have said. that means looking at an agreement, and deciding whether on balance it helps not democrats or republicans, but whether it helps move the country forward. and we're hopeful that republicans on the house will do as democrats and republicans did on the senate and weigh all the equities here but decide at the...
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reagan increase the government, bush increase the government, clinton increased the government, obama increased the government. we have more -- host: what you think will happen in the house? caller: they need to not go on holiday. they need to take the measure. and when can at the american public participate in this process? we cannot. they give us one day to read the bill. there is no way that our people can participate in the process. we want to talk about increases in revenue. i understand that, but you have to have some kind of comeback and i do not been there needs to be some increase in spending. our defense spending is outrageous. our foreign aid to countries is outrageous. we prop up dictators. we are allies with al qaeda what we want to beat the soviet union, but then enemies with them when we want to be in afghanistan. it does have to do with entitlements, but also big government is working with big corporations prepare until the republicans want to get over the industrial military complex and democrats want to -- host: if you are interested in following along on this debate
reagan increase the government, bush increase the government, clinton increased the government, obama increased the government. we have more -- host: what you think will happen in the house? caller: they need to not go on holiday. they need to take the measure. and when can at the american public participate in this process? we cannot. they give us one day to read the bill. there is no way that our people can participate in the process. we want to talk about increases in revenue. i understand...
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government has announced plans to build a new frederick douglas memorial bridge. the projected price tag is $660 million. construction would start in 2015. d.c. mayor vincent gray says in the long run, a new bridge would save taxpayers money over the cost of making repeated repairs to the existing bridge which is 63 years old. the uglas memorial bridge handles about 70,000 commuters every day as they cross the anacostia river. >>> you can't really complain about the weather today. olga has the forecast. she's out on our weather terrace and she tells us that we can expect some nice weather, maybe a little bit of showers this afternoon. right, olga? >> reporter: that's right. i'm still tracking a storm system passing mainly south of us. so far we've been dry. the potential is later on this afternoon until about the 3:00 or 4:00 hour, we could see a sprinkle with the cloud cover, though, our temperatures have been consistent. right now we're at 44 degrees. that's where we've been for about two hours. we're pretty much going to sit right where we are interest the afte
government has announced plans to build a new frederick douglas memorial bridge. the projected price tag is $660 million. construction would start in 2015. d.c. mayor vincent gray says in the long run, a new bridge would save taxpayers money over the cost of making repeated repairs to the existing bridge which is 63 years old. the uglas memorial bridge handles about 70,000 commuters every day as they cross the anacostia river. >>> you can't really complain about the weather today. olga...
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they know the debt ceiling is the government saying they're going to stiff creditors. they're not going to pay bills, and americans don't like that. they don't want to spend any more than we can afford, but they want us to pay our bills. that's what people do in their homes. >> tell me how you think this is going to unfold on your side. the president had other considerations that are also valid, and i think it's going to be valid on mr. boehner's side. the republican congress knows that had he to put something on the floor and that are revenues were going to go up. they just don't want their fingerprints on it. there's going to be an enormous amount of republicans who want to vote no. he is in a bind. sfoo we talked about this before. this has been the least productive congress in history. it's certainly the most unpopular. i think the latest approval rating is something like 12%, and, you know, we talk about this triple threat, but there's a lot of other things on the pre president and congressional agenda. there are huge. things like immigration. things like the pres
they know the debt ceiling is the government saying they're going to stiff creditors. they're not going to pay bills, and americans don't like that. they don't want to spend any more than we can afford, but they want us to pay our bills. that's what people do in their homes. >> tell me how you think this is going to unfold on your side. the president had other considerations that are also valid, and i think it's going to be valid on mr. boehner's side. the republican congress knows that...
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people keep buying government bonds despite all our debt and the job market is improving. so i don't really see this continuing warfare in washington derailing that instantly. >> now, this for the moment kicks sequestration, federal spending cuts, down the road at the same time another fight over the debt ceiling looms. could the two issues scuttle any progress made on avoiding the cliff? >> i think the debt ceiling is really the move powerful and problematic. we saw this in august of 2011 when people start to raise questions about is the government actually going to pay its debt, can the government issue bonds, can it fund its operations, that's a pretty serious situation. if it gets to that point, we technically hit this debt ceiling, there are things the treasury secretary can do over the next couple months, avoiding putting payments into pension plans, things like that so we don't go over it. but at some point that has to be resolved and resolved in such a way that, you know, we are able to borrow, that people, bond investors will know they can buy these bonds and that
people keep buying government bonds despite all our debt and the job market is improving. so i don't really see this continuing warfare in washington derailing that instantly. >> now, this for the moment kicks sequestration, federal spending cuts, down the road at the same time another fight over the debt ceiling looms. could the two issues scuttle any progress made on avoiding the cliff? >> i think the debt ceiling is really the move powerful and problematic. we saw this in august...
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run against government. >> jehmu is exactly right. rick: dee dee, last word here. 10 seconds. >> the fat cats are not getting it done. we need to forget rid of them. forget it. it is not a good deal. we need to do what is right for the american people and this ain't it. rick: happy new year. happy and healthy. see you again real soon. heather: amateur video capturing a harrowing moment whether a rescue helicopter crashes into the water off of a crowded beach in brazil. take a look. police say that this chopper was trying to rescue a drowning swimmer when it suffered engine failure. you can see what happened next. look, plunging into the ocean. well the good news the crew managed to escape before the helicopter began to sink. the four crewmembers and the stranded swimmer, by the way all able to swim to shore. they survived with minor injuries the helicopter was later recovered by the local fire department. rick: meantime a new year's eve celebration in the ivory coast in africa turns deadly. at least 61 people were crushed to death, 20
run against government. >> jehmu is exactly right. rick: dee dee, last word here. 10 seconds. >> the fat cats are not getting it done. we need to forget rid of them. forget it. it is not a good deal. we need to do what is right for the american people and this ain't it. rick: happy new year. happy and healthy. see you again real soon. heather: amateur video capturing a harrowing moment whether a rescue helicopter crashes into the water off of a crowded beach in brazil. take a look....
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that is the weight you hold governments accountable -- that is the way you hold governments accountable. these marginal interventions are not going to create economic growth. we know how to create jobs. we know trade is better than aid. get rid of your policy and get rid of those problems and then we can talk about economic growth. >> taking very much. >> and look at the future of social media. jeff jarvis talks about threats to free speech and is joined by amanda palmer. this broadcast contains certain language that some viewers may find offensive. it is 30 minutes. >> there is wifi at the event. it should log on to the nyu guest account. the password is right there for you. the next session is about social media. we will talk about the use of social media with the rise of facebook and twitter. we have two wonderful guests. we will hear some brushback on some of the wisdom about social media. first we'll hear from jeff jarvis, author of "what would it google do?" jeff, please join us on the stage and give us your prediction. >> predictions are necessarily bullshit. the title of social
that is the weight you hold governments accountable -- that is the way you hold governments accountable. these marginal interventions are not going to create economic growth. we know how to create jobs. we know trade is better than aid. get rid of your policy and get rid of those problems and then we can talk about economic growth. >> taking very much. >> and look at the future of social media. jeff jarvis talks about threats to free speech and is joined by amanda palmer. this...
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and we have a debt limit and the funding of government. all of that is going to come together in february or early march. so it's likely to be a difficult spring here in washington. >> thank you, congressman for joining us live on washington, d.c. >> good luck. >> thank you. happy new year to california. >> happy new year. >>> well, about a million people from all over the world got the times square treatment as new york's huge crystal ball dropped into the new year. a lot of kissing going on, too. one of the panels on the ball had ding clark's -- dick clark's name engraved on it. this was the first new year's celebration since the host died this past year. >> here back at home no fog this year to block out the fireworks. it's beautiful, huh? it was a perfectly clear night. the fireworks along the waterfront that shot from treasure island looks like. a lot of people showed up for about a 15-minute display jammed the streets near the embarcadero they tried to get home when it was all over. some are still here working their way out. but ther
and we have a debt limit and the funding of government. all of that is going to come together in february or early march. so it's likely to be a difficult spring here in washington. >> thank you, congressman for joining us live on washington, d.c. >> good luck. >> thank you. happy new year to california. >> happy new year. >>> well, about a million people from all over the world got the times square treatment as new york's huge crystal ball dropped into the new...
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we can't verify the authenticity, but the governments are taking them seriously. the militants also offered 23,000 for the killing of an american soldier in yemen. analysts say the militants may be affiliated with al qaeda in the arabian peninsula, the terror group's powerful branch. >> they have been looking for a way to hit the united states whether the u.s. embassy in yemen which they attacked in 2008 or carrying out more attacks here in the united states. >> reporter: this is the same group that came close to debt nitting a bomb in a passenger's underwear. and tried again this year to bomb a plane bound for the u.s. it's also not the first time al qaeda has offered gold for the killing of a prominent american. >> the most important american in iraq during the george bush administration. osama bin laden himself offered substantial gold reward for basically for his death. >> reporter: no one got to bremer. the odds of an assassination this time, an official says security is being stepped up around the u.s. embassy. analysts say the ambassador may not need to ree
we can't verify the authenticity, but the governments are taking them seriously. the militants also offered 23,000 for the killing of an american soldier in yemen. analysts say the militants may be affiliated with al qaeda in the arabian peninsula, the terror group's powerful branch. >> they have been looking for a way to hit the united states whether the u.s. embassy in yemen which they attacked in 2008 or carrying out more attacks here in the united states. >> reporter: this is...
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maybe it's the government. >> ben chavez is a member of a tribe that doesn't get special government help. and yet. >> the area where you live looks different from indian reservations. these mansions look like english manors. >> i can take you to one neighborhood where my people are from and show you nicer homes than a whole sioux reservation. >> this is not casino money. no special deal for your tribe. >> oh, no. in my tribe, woe -- we don't have casinos. we have 12 banks. >> he says his tribe does well because the federal government does not recognize them as a sovereign tribe. though their congressman wants to change that. >> it's time for discrimination to end and recognition to begin. >> mike knows if he wants to stay in washington, dc he has to support the tribe or he won't be there. >> this is an injustice that must be resolved. >> if the congressman gets his way your tribe will get 8 a million. >> if you want to become dependent on the federal government and sell your soul for 80 million, i understand that and some people are willing to do that. >> indian activityists they ought t
maybe it's the government. >> ben chavez is a member of a tribe that doesn't get special government help. and yet. >> the area where you live looks different from indian reservations. these mansions look like english manors. >> i can take you to one neighborhood where my people are from and show you nicer homes than a whole sioux reservation. >> this is not casino money. no special deal for your tribe. >> oh, no. in my tribe, woe -- we don't have casinos. we have...
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one, we have a divided government. people shouldn't kid themselves when the republicans are controlling the house, democrats control the senate and the white house. this is going to be the new normal, and it has been. we've seen anything that's gotten done over the past two years follow this exact same format. remember back to 2010, exactly two years ago, where we had certain rates that were extended or the bush rates, but the president got a lot of things out of that as well. so, people have to keep in mind, this is not any kind of departure from the norm. think back to the clinton welfare reform bill. >> yes, i agree with that. 2009, the health care overhaul. you had $858 billion tax package in 2010, the payroll taxes in 2011. having said that, jonathan, how much longer can congress continue to function like this? >> well, i think one of the reasons why nobody's really happy with the deal, not like a gut level. everybody recognizes there was some masterful negotiation going on between the vice president and senate mi
one, we have a divided government. people shouldn't kid themselves when the republicans are controlling the house, democrats control the senate and the white house. this is going to be the new normal, and it has been. we've seen anything that's gotten done over the past two years follow this exact same format. remember back to 2010, exactly two years ago, where we had certain rates that were extended or the bush rates, but the president got a lot of things out of that as well. so, people have...
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i.r.a.s and 401(k)s, the government is increasing taxable contributions every year so for i.r.a.s, it was $5,000, now it's $5500 per year and for 401(k)s, it's jumping 3% to $17,500 per year. the advice here you want to do as much as you can. we know the story that people are not planning well enough for retirement so take advantage. it's a tax deduction. >> speaking of planning how about money-saving tips? we could use those. >> my biggest tip for anyone trying to erase debt, save more is to stick with cash. credit cards are very convenient. but cash limits you physically and also psychologically. when you pay with cash at the restaurant or at the department store -- >> it hurts more. >> it hurts and that's a good thing if you're trying to get into that behavior of sticking to a budget and i'm getting out of debt. >> words of wisdom, farnoosh torabi, happy new year. >> you too. >> words of wisdom indeed. >>> so many of us meanwhile, make the resolutions of this new year to get healthy. now in our january jump-start we're kicking off 2013 with tips to make this your best year and dr.
i.r.a.s and 401(k)s, the government is increasing taxable contributions every year so for i.r.a.s, it was $5,000, now it's $5500 per year and for 401(k)s, it's jumping 3% to $17,500 per year. the advice here you want to do as much as you can. we know the story that people are not planning well enough for retirement so take advantage. it's a tax deduction. >> speaking of planning how about money-saving tips? we could use those. >> my biggest tip for anyone trying to erase debt, save...
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deal with the things that were doable, and you know, that's always i think the sign of intelligent government, if not necessarily, again, the most desirable process. >> let me play what iowa senator tom harkin had to say about this, one of the people who had some concerns. he voted no. >> mm-hmm. >> now, i'm not saying that everything in this deal is bad. there are some good parts of this, but i repeat, i am concerned about this constant drift, bit by bit, deal by deal, toward more deficits, less job-creation, more unfairness, less economic justice, a society where the gap grows wider between the few who have much and the many who have too little. >> tom harkin is among those who have said repeatedly that this deal does not address the needs of the real middle class, people making $40,000, $50,000, $60,000 a year. does he have a point? >> well, he has part of a point, but on the other hand, this package, as i understand it, extended the eitc for five years and the affordable -- >> earned income tax credit for people who don't know the shorthand. >> right, for the low-income working families.
deal with the things that were doable, and you know, that's always i think the sign of intelligent government, if not necessarily, again, the most desirable process. >> let me play what iowa senator tom harkin had to say about this, one of the people who had some concerns. he voted no. >> mm-hmm. >> now, i'm not saying that everything in this deal is bad. there are some good parts of this, but i repeat, i am concerned about this constant drift, bit by bit, deal by deal, toward...
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. >> well, some local governments had even higher taxes in the bay area. taxes in el cerrito and union city are now at 9.5%. >>> 5:50 now. marijuana clubs are starting to pop up in the state of colorado. at least two have opened up less than a month after the governor signed into law a constitution amendment allowing recreational marijuana use. one: 00 says 200 people -- one club says 200 people have already signed up and paying the $30 admission fee. they have to bring their own drugs. as long as it's not sold, it's legal in colorado. where do they get it? >> let's not ask. >>> if you partied hard last night we have the magic veggie to cure your hangover. we'll tell you about that. >> maybe your new year's resolution is hitting the gym. meet a couple that plans to run a marathon every day this year. wow. >> you're going to meet them. ,, ,,,, new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright
. >> well, some local governments had even higher taxes in the bay area. taxes in el cerrito and union city are now at 9.5%. >>> 5:50 now. marijuana clubs are starting to pop up in the state of colorado. at least two have opened up less than a month after the governor signed into law a constitution amendment allowing recreational marijuana use. one: 00 says 200 people -- one club says 200 people have already signed up and paying the $30 admission fee. they have to bring their own...
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if you're going to cut government, let's start by cutting government contracts by these over-bloated defense contractors, cut defense by 20% and have them earn their fair share. guest: it is a little over- simplified to say republicans did this themselves. the democratic congress has done more to balloon the deficit than any before, the republicans did this with wars. they were supposed to be painless for those lucky enough to not have to fight in them. they were not paid for. i think that was disasters. republicans lost their moral standing because of that. the argument about deficits and not nattering, they do not matter when they are at a certain level, but they do matter at this level. when debt service alone takes up your generalof fund spending, be banned it is a calamitous -- and then it is a calamitous situation. the country and republicans as the conservative brand would be in better shape right now if they said we had to go to war in afghanistan and iraq, and everybody is going to feel this. we will pay for it as we go. that would have been wise, the right thing and the con
if you're going to cut government, let's start by cutting government contracts by these over-bloated defense contractors, cut defense by 20% and have them earn their fair share. guest: it is a little over- simplified to say republicans did this themselves. the democratic congress has done more to balloon the deficit than any before, the republicans did this with wars. they were supposed to be painless for those lucky enough to not have to fight in them. they were not paid for. i think that was...
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so let's take the optimistic view maybe this is the beginning of a governing coalition. vice president biden was extremely helpful. if they had done plan b, the chain cpi, if the republicans supported their speaker the gop would be in a better position and have something on the spending side, they didn't. hopefully some lessons have been learned and we have the beginnings of a governing cowigs we so desperately need. >> we'll see that play out today, john boehner's leadership will be in tight focus. >> it will be. >> thank you for being here. >> thanks for having me. >> sheila brought up a name we haven't talked about, vice president joe biden instrumental and the smile on his face as he was walking around capitol hill, he's like i am in the middle of this, i'm in both feet, happy man. >> because last week the sniping between harry reid and mitch mcconnell was pretty dramatic and many points downright unhelpful, and to somehow see joe biden go in there and i don't know what he did. look at that smile. i don't want fairy dust he's sprinkled all over the place but it helpe
so let's take the optimistic view maybe this is the beginning of a governing coalition. vice president biden was extremely helpful. if they had done plan b, the chain cpi, if the republicans supported their speaker the gop would be in a better position and have something on the spending side, they didn't. hopefully some lessons have been learned and we have the beginnings of a governing cowigs we so desperately need. >> we'll see that play out today, john boehner's leadership will be in...
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in virginia harder for state and local governments to take eminent domain changes. >> so far no charges have been filed in connection to a deadly crash that killed a prince william county police officer. 35-year-old chris young died near piper lane yesterday afternoon. his motorcycle collided with a mini van that was turning left. both vehicles caught fire. the other driver was not hurt. officer yung leaves behind a wife who is also a police officer and their three children. >> doctors treating secretary of state hillary clinton confirm the blood clot is in her head but she did not suffer a stroke or any neurological damage and she's making excellent progress and in good spirits. doctors discovered the clot between her brain and skull behind her right ear while performing a checkup. it is likely the result of a concussion she suffered from a fall earlier this month. she will stay on blood thinners. she will be released once the medication dose has been established. >>> another new report on the deadly attack from the u.s. consulate is attempting to shed light on what led to confusing ta
in virginia harder for state and local governments to take eminent domain changes. >> so far no charges have been filed in connection to a deadly crash that killed a prince william county police officer. 35-year-old chris young died near piper lane yesterday afternoon. his motorcycle collided with a mini van that was turning left. both vehicles caught fire. the other driver was not hurt. officer yung leaves behind a wife who is also a police officer and their three children. >>...
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>> will she be a thorn in of ba become the voice of the government against bankers? she wants to be the latter. i think she'll only be the former. >> secretary of leaving. >> right. >> gone. tim giethneithner is saying i'm. give me the short list of people if you had the power to replace him. >> i'll give you the type of person, because i think this is who is in the running. a lot of executives in 2012 began to embrace the president after the big win. we need to see someone not necessarily from banking. that may be too troublesome but from industry. major fortune 500 -- >> throw a name out there. >> how about dave cote, ceo of honeywell. why him? leader of the debt reduction talks. >> didn't he go on sunday talk shows and say i'm not hiring, i'm holding my money to see if the guys washington can get it together? >> you're right. and they will get it together and we'll see if he hires or moves over to washington. >> are you bullish or bear? >> these trends are so powerful. oil and gas, so powerful. second half of the year, don't miss it. >> jim cramer, aalways good to
>> will she be a thorn in of ba become the voice of the government against bankers? she wants to be the latter. i think she'll only be the former. >> secretary of leaving. >> right. >> gone. tim giethneithner is saying i'm. give me the short list of people if you had the power to replace him. >> i'll give you the type of person, because i think this is who is in the running. a lot of executives in 2012 began to embrace the president after the big win. we need to...
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the government clearly rattled by the outcry has announced that the six men accused in the bus rape case will face murder charges and the death penalty. elizabeth palmer, cbs news, london. >>> up next on this tuesday we'll have your morning weather. and in sports, a clemson rally includes a fourth and 16 pass play to keep a fourth quarter drive alive. drive alive. ever. nurses are dealing with a wider range of issues. and there are ever-changing regulations. when you see these challenges, do you want to back away or take charge? with a degree in the field of healthcare or nursing from capella university, you'll have the knowledge to advance your career while making a difference in the lives of patients. let's get started at capella.edu. >>> here's a look at the weather in some cities around the country. in new york mostly cloudy with snow flurries. 38 degrees. partly sunny in miami, 79. partly sunny in chicago, 22 degrees. mostly cloudy in dallas, 48. partly sunny in l.a., 64 degrees. >>> let's check your national forecast. much of the south will be rainy with temperatures in the 30s and
the government clearly rattled by the outcry has announced that the six men accused in the bus rape case will face murder charges and the death penalty. elizabeth palmer, cbs news, london. >>> up next on this tuesday we'll have your morning weather. and in sports, a clemson rally includes a fourth and 16 pass play to keep a fourth quarter drive alive. drive alive. ever. nurses are dealing with a wider range of issues. and there are ever-changing regulations. when you see these...
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in virginia, it will be harder for state and local governments to take property in the name of eminent domain. and insurance agents will now have to perform property owners if their policy excludes coverage for earthquake damage. >>> let's talk football. the redskins are still the talk of the town. >> the excitement over their first division tight until 13 years is overwhelming. tickets for sunday's game are all sold out through there are always ticket agencies like stub hub but you better be prepared to shell out big bucks. standing room only seats are selling for $150. apparel stores say the new division champ shirts are expected to fly off the shelves. >>> still ahead at 6:00, the prince william county police department mourns the loss of one of its own. >> but first, an update on secretary of state hillary clinton's health as they spends another night in a new york city hospital. you are watching fox 5 morning news. [ mom ] dear chex cereal, i just had to write. you can't imagine how long i've been searching for something like this for my family. i'm amazed you make so many great f
in virginia, it will be harder for state and local governments to take property in the name of eminent domain. and insurance agents will now have to perform property owners if their policy excludes coverage for earthquake damage. >>> let's talk football. the redskins are still the talk of the town. >> the excitement over their first division tight until 13 years is overwhelming. tickets for sunday's game are all sold out through there are always ticket agencies like stub hub but...
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this guy is big government liberal. only big idea every embraced is big government. stimulus, obamacare. we'll make him historic president whether he wants it be or not. social security and medicare are going bankrupt. the debt ceiling is a chance to get those programs out of bankruptcy and put the country on a path to sustainability. we borrowed 2.1 trillion in august of 2011. we spent 2.1 trillion in 17 months. we're burning threw money. every child in america born owes $51,000 on the date of their birth. and that is unacceptable. that is going to stop. we're not going to raise the debt ceiling again and borrow a unabout much more money until we address why we're going protect as a nation. steve: senator graham, i was talking to one of my neighbors that works on wall street. he says given the inaction up on capitol hill regarding the debt and long-term entitlements we're cruising to get downgraded again by the rating agencies and that will have a ripple effect on our economy for a very long time. >> we're destroying the american dream. i've been here for almost 20
this guy is big government liberal. only big idea every embraced is big government. stimulus, obamacare. we'll make him historic president whether he wants it be or not. social security and medicare are going bankrupt. the debt ceiling is a chance to get those programs out of bankruptcy and put the country on a path to sustainability. we borrowed 2.1 trillion in august of 2011. we spent 2.1 trillion in 17 months. we're burning threw money. every child in america born owes $51,000 on the date of...
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. >> you look at the fact we have allowed the federal government to be intrusive every time we get on the plane. we have allowed our 9-year-old children to be stopped and frisked. our grandmothers to be stopped and frisked. all these people that are our loved ones, every time we go through a tsa screening. we're willing to do that because of the attacks of 9/11 but we're not willing to tell a small niche of gun enthusiasts they can't carry around semi-automatic combat style weapons with these magazine clips that allow you to reel off 10, 15, 30 bullets per second that spin and rip young children to shreds. really? really? i don't think so. >>> coming up, our discussion of the top stories of the year continues. later, the most mem aborable moments from mitt romney's run for the white house for better or worse. you're watching "morning joe" brewed by starbucks. aig? we said we were going to turn it around, and we did. woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the east coast recover from hurricane sandy. we're a leading global
. >> you look at the fact we have allowed the federal government to be intrusive every time we get on the plane. we have allowed our 9-year-old children to be stopped and frisked. our grandmothers to be stopped and frisked. all these people that are our loved ones, every time we go through a tsa screening. we're willing to do that because of the attacks of 9/11 but we're not willing to tell a small niche of gun enthusiasts they can't carry around semi-automatic combat style weapons with...
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they decided emergency unemployment would be by the federal government. since the economy is still struggling they are looking at renewing this. this is new spending in the bill. there is virtually no spending. they got rid of this tweaking the tax code. that is something that a lot of house republicans probably won't like. but at this point in the game i think they have to pass it. >> one of the increases is social security payroll tax increase. owe b president obama was talking about letting that cut to lapse. it raises income tax for people of all levels on the social security tax to 6.2 percent which adds up to a lot of money for a family. that's a big tax increase. >> the payroll tax holiday is going to effect folks. this is a dedicated tax that goes to fund social security. when they took the 2 percent out of social security we were funding the program through deficit spending. you probably shouldn't be continuing this temporary program for another year when social security has plenty of fiscal challenge of its own. >> you sport that move to let tha
they decided emergency unemployment would be by the federal government. since the economy is still struggling they are looking at renewing this. this is new spending in the bill. there is virtually no spending. they got rid of this tweaking the tax code. that is something that a lot of house republicans probably won't like. but at this point in the game i think they have to pass it. >> one of the increases is social security payroll tax increase. owe b president obama was talking about...
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or don't like that one, but the basic constitutional responsibility of the government is actually to have a budget. and a budget is the manifestation of your priorities generally speaking. that's the one thing that would just be great if we actually did. >> here we are where we're trying to sit down with our budgets and figure out what our priorities for the year, how are we going to live a little bit below our means so we can grow wealth and our government can't figure out a budget. >> i'd like it if they did that. >> my advice is deal with your own financials. >> good luck with that. one down, one to go. will the house go along with the fiscal cliff deal hammered out by the white house and the senate earlier this morning? we're going to have a live report from washington just ahead. >> you can watch us any time on your desk top or mobile phone. go to cnn.com/tv. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. with th
or don't like that one, but the basic constitutional responsibility of the government is actually to have a budget. and a budget is the manifestation of your priorities generally speaking. that's the one thing that would just be great if we actually did. >> here we are where we're trying to sit down with our budgets and figure out what our priorities for the year, how are we going to live a little bit below our means so we can grow wealth and our government can't figure out a budget....
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it was branded at the government trying to balance the budget on the backs of the rich. the planned tax hike had sparked word that at least some high rollers were deciding to leave the country. but analysts say the high taxing french ruler is not really defeated. it was thrown out more on a technicality. government is planning to issue a rewarded tax bill and claps there were new tax hinges that the court left in part in mace. the french stock market seemed to like the message. it was up more than a half percent in a shortened trading day. >>> it looks like james bond can do it all. the recently released skyfall is now the most successful bond movie in franchise history. it has earned more than $1 billion worldwide. the film is only the 14th movie of all time to hit the $1 billion mark. others include the avengers and the dark knight rises. >>> adam housley has the details on the hollywood nation report. >> reporter: bilbo beats yank owe, ryan's resolution and kim is knocked up in the hollywood nation. kim kardashian and kanye west are having a kid. kanye announced the b
it was branded at the government trying to balance the budget on the backs of the rich. the planned tax hike had sparked word that at least some high rollers were deciding to leave the country. but analysts say the high taxing french ruler is not really defeated. it was thrown out more on a technicality. government is planning to issue a rewarded tax bill and claps there were new tax hinges that the court left in part in mace. the french stock market seemed to like the message. it was up more...
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step but we will never be equal until the federal government makes it equal for everybody. and there's a lot of other states in the united states who have not embraced equality marriage yet so we have a long way to go. >> reporter: the first ceremony took place at 12:30 this morning. what a way to ring in the new year. reporting live at city hall, sherrie johnson, abc2 news. >>> 216, that's the official number for murders in baltimore city for 2012. last night, mourners held avigil to remember them all. victims families and politician and faith community leaders stood together. homicides are up even another other crimes are down. >> the people we lost to violence on the streets, our sons and daughters and brothers and sisters mother and fathers the loss is tragic to their families and to the city. >> this is the 4th year victims families gathered in the city to remember the dead. >>> two teens have been arrested and charged with beating another man. police say terrance green and dominic wardrick attacked a man in november. the victim was found in the sidewalk near lombard a
step but we will never be equal until the federal government makes it equal for everybody. and there's a lot of other states in the united states who have not embraced equality marriage yet so we have a long way to go. >> reporter: the first ceremony took place at 12:30 this morning. what a way to ring in the new year. reporting live at city hall, sherrie johnson, abc2 news. >>> 216, that's the official number for murders in baltimore city for 2012. last night, mourners held...
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this isn't the military or government coming up with this idea. this is just citizens. this organizers say they were inspired by what st. louis did. we've had three debates so far. the candidates have spent five hours arguing about medicare and social security and jobs. they are argued over the rules of the debate and big bird. there's been no talk about how we are treating veterans. lots of americans have been thinking about this generation of veterans that come home and need a job. ordinary americans are holding their own parades. welcome home love florida and tucson and new england coastal ports smith new hampshire. the pentagon, for reasons that i do not start to understand, still say they do not want new york city to hold a parade. new york city is where we've always done this. new york did throw one ticker tape parade for the new york giants and at their parade the football parade, we met the willis family. they brought a picture of her son and a huge giants fan. sergeant willis sent a message before the big game. >> i'm from new york. i want to say hi to my famil
this isn't the military or government coming up with this idea. this is just citizens. this organizers say they were inspired by what st. louis did. we've had three debates so far. the candidates have spent five hours arguing about medicare and social security and jobs. they are argued over the rules of the debate and big bird. there's been no talk about how we are treating veterans. lots of americans have been thinking about this generation of veterans that come home and need a job. ordinary...
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because we are a government of compassion. we have always been a country of compassion. but all of a sudden the republicans are putting up a candidate who wants to wipe away that, because we want to privatize everything. the obama campaign has also responded. it is shock can that a candidate for president of the united states would go behind closed doors and declare to a group of rich donors that half of the american people view themselves as victims, entitled to handouts and are unwilling to take personal responsibilities for their lives. it is hard to serve as president for all americans when you disdainfully have written off half of the nation. and that is exactly what mitt romney has done with this statement here of behind closed doors. for months on this program, i have asked will mitt romney please stand up? in this video, behind closed doors, we did see the real mitt romney, he did stand up. he doesn't give a damn about the people, we are a society, it cuts to the fabric, we are a country of compassion that we want to h
because we are a government of compassion. we have always been a country of compassion. but all of a sudden the republicans are putting up a candidate who wants to wipe away that, because we want to privatize everything. the obama campaign has also responded. it is shock can that a candidate for president of the united states would go behind closed doors and declare to a group of rich donors that half of the american people view themselves as victims, entitled to handouts and are unwilling to...
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you saw his government and the federal government coming together. >> they were wearing the fleece. >> exactly. you had the fleece on, the sleeves rolled up. >> you guys are the best. i have to tell you, i love politics. i'm breaking the story here. >> there's certain things when people rise to the occasion and do the right thing. anyway, thank you, michael. >>> up next, from etch-a-sketch to legitimate rate to 47%. the yumpbuniversity has the lis the most notable political quotes of the year. this is "hardball," the place for politics. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. >>> we're back. 2012 is coming to a close. but, before it does, let's look back at a few of the most memorable quotes. quotations that were uttered this year. everything from the historic to the infamous to, of c
you saw his government and the federal government coming together. >> they were wearing the fleece. >> exactly. you had the fleece on, the sleeves rolled up. >> you guys are the best. i have to tell you, i love politics. i'm breaking the story here. >> there's certain things when people rise to the occasion and do the right thing. anyway, thank you, michael. >>> up next, from etch-a-sketch to legitimate rate to 47%. the yumpbuniversity has the lis the most...
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all right. 47% who are with him, who are dependent upon government, who believe that they are victims, who believe the government has the responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you name it. so my job is not to worry about those people. they should take responsibility and care for their lives. >> a very valuable contribution to the campaign. >> i'm going go with bill clinton. >> for one speech at a convention? >> it was more than one speech. it was 20 years in the making the story of that speech was for the first 15 years they treated bill clinton like he was the worst thing that ever happened in american politics, villain in chief and even after he left the white house he was afraid of the clinton restoration and 2008 when obama had the clintons when the republicans decided, wait a minute, no, bill clin clin to is this bygone symbol in america of cooperation and good government and moderation and sang his praises for four years. set him up as the good democrat against obama's bad democrat. what happened, the good dem
all right. 47% who are with him, who are dependent upon government, who believe that they are victims, who believe the government has the responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you name it. so my job is not to worry about those people. they should take responsibility and care for their lives. >> a very valuable contribution to the campaign. >> i'm going go with bill clinton. >> for one speech at a convention?...
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that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a part of our interactive map. on "ask larry," our social security sage offers tips on maximizing benefits for you and your spouse. and from our partners at kaiser heal new what e new health care law says about gun ownership. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on tuesday, we have an update on the ongoing recovery efforts in the devastating wake of hurricane sandy, plus a conversation with newly elected republican senator deb fisher of nebras
that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the...
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government and congress have to deal with. literally they have to deal with the spending side of the question. our cnn radio congressional correspondent is in washington watching the vote right now. i noticed rand paul voted no. who else? >> there were several senators voting no. and to be honest, i was counting the yes votes. i wanted to see whether the boats pass and i can tell you there were 60 votes and the senate has passed the fiscal cliff deal. other senators that were planning to vote no, i know there were multiple no votes. an overwhelming vote in the u.s. senate in favor of the bill. >> what happens next? >> right, so now this vote goes to the house. we expect house members to come in tomorrow morning, many probably will be start reading the bill right now. they will caucus especially the attention will be on house republicans. to see if they have the votes to pass the bill, if they need to get democrats to do it. there will be a lot of votes coming tomorrow. we don't know the schedule yet. there could be a vote in t
government and congress have to deal with. literally they have to deal with the spending side of the question. our cnn radio congressional correspondent is in washington watching the vote right now. i noticed rand paul voted no. who else? >> there were several senators voting no. and to be honest, i was counting the yes votes. i wanted to see whether the boats pass and i can tell you there were 60 votes and the senate has passed the fiscal cliff deal. other senators that were planning to...
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but is there a limit to what the government can do? would you say that cars being made safely, and they say, you know, government can' make an economy as a whole. >> they don't have much power. we have to demand more from big business. neil: wil the govenment demand that? >> business can hardly keep up with the corporate climb. barclays, jpmorgan chase, now, wasko, 3 billion-dollar fine. we have to save these corporations. they were built on the backs of american workers. build buildout by american taxpayers. recording record profits. sitting on trillions of dollars, keeping them away from their owners and the investors a the workers. neil: are you saying that there was crime involved? there was no crime involved. are you saying that all of these guys are typical? in other words with that there are more bad guys and good guys? >> the big guys have too much power and are too big to fail and all that. >> leches take the fortune 500. would you say, you mentioned three prominent companies. would you say that is 3%? 5%? 50%? i just disagree
but is there a limit to what the government can do? would you say that cars being made safely, and they say, you know, government can' make an economy as a whole. >> they don't have much power. we have to demand more from big business. neil: wil the govenment demand that? >> business can hardly keep up with the corporate climb. barclays, jpmorgan chase, now, wasko, 3 billion-dollar fine. we have to save these corporations. they were built on the backs of american workers. build...
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and the budget office will give it a score what it will cost the government to do this. at this very late hour, many people at work here at the capitol hill and going over that now. the vice president was able during his meeting with democrats to walk through the process, at how he and minority leader mitch mcconnell were able to reach this agreement and what benefit he sees for this. this is significant for the president's second term for achievement that will begin -- will mark the second term and for democrats to go along in support of the president, one of the political arguments that joe biden can make. in support of the president. what we know on the house side, both nancy pelosi, in charge of the democrats in the house and house speaker john boehner have been kept in the loop throughout. important because once the senate deals with this, it would go to the house. now, what we do expect in talking to a number of democrats tonight, some have put on coats and scarves and were going to lay down for a little while, waiting for the word to come back. others still think
and the budget office will give it a score what it will cost the government to do this. at this very late hour, many people at work here at the capitol hill and going over that now. the vice president was able during his meeting with democrats to walk through the process, at how he and minority leader mitch mcconnell were able to reach this agreement and what benefit he sees for this. this is significant for the president's second term for achievement that will begin -- will mark the second...
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the real thing that i would challenge leadership in government and out of government is to look at people that are placing unemployment insurance that we almost lost, and still may if we can't get this vote. look at people that are dealing with the facts that they need what we're going to get out of this in terms of students and other things. and tell them, they don't matter. we're going over the cliff because we want to hold some inflexible position. and i think leadership will be tested here on really how far we want to bend or whether or not we want to break people that are the most vulnerable. and i think this is going to be a test. >> reverend al sharpton, thank you so much, and happy new year to you. >> happy new year. >>> we will be back in a moment with more on the apparent deal to avert the worst of the fiscal cliff. please stay with us. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's
the real thing that i would challenge leadership in government and out of government is to look at people that are placing unemployment insurance that we almost lost, and still may if we can't get this vote. look at people that are dealing with the facts that they need what we're going to get out of this in terms of students and other things. and tell them, they don't matter. we're going over the cliff because we want to hold some inflexible position. and i think leadership will be tested here...
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but isn't it now time to govern? >> the president was absolutely out of line with his comments at 1:30 this afternoon. this is a delicate time in the negotiations. >> republicans suggesting there in this delicate time of negotiations the president may have turned off some republicans. we will see again whether or not senate republicans rank and file go along with their leader. it is a big deal that mitch mcconnell is expected to be voting for in. will his rank and file go along. more importantly in the days ahead will the rank and file on the house republican caucus go along. finally tonight will we see the president -- we are not expecting to see him tonight since this is not done-done yet. more likely we will see him tomorrow, bret. >> bret: 20 seconds here, ed, before we take another break. but is it a loss for this white house that the debt ceiling part of this is not included? >> there is no doubt they wanted it included in here. they were fighting for are it. so it is is a loss in it that is sense but they will
but isn't it now time to govern? >> the president was absolutely out of line with his comments at 1:30 this afternoon. this is a delicate time in the negotiations. >> republicans suggesting there in this delicate time of negotiations the president may have turned off some republicans. we will see again whether or not senate republicans rank and file go along with their leader. it is a big deal that mitch mcconnell is expected to be voting for in. will his rank and file go along....